IRS Tax Resolution Services
IRS Federal Tax Liens can be a consistent source of frustration. Federal Tax Liens can keep you from buying or selling a house and they can ruin your credit score. Fortunately, there’s a great deal that can be done in order to lessen the burden of, or even completely eliminate, tax liens.
A lien is a form of debt that allows whom you owe money to take your property if you don’t pay back your debt as agreed. As an example, a mortgage agreement creates a lien on a house in favor of the bank that lent the cash. Notice of existence of this lien is generally filed in addition to the deed. If you do not cover your mortgage payment, the bank may take your residence. That is usually called a foreclosure. The other common lien scenario may involve an automobile. If you finance a car, the financier may take the car should you not cover the monthly payments. The occurrence of a vehicle lien is generally notated on the title of the car. It’s within this context that people may understand the IRS Federal Tax Lien. The IRS Federal Tax Lien gives the IRS the right to take your property if you do not repay the IRS tax debt.
Forté Tax Law is well-versed in addressing tax lien issues and directing clients through the process to identify and implement the most strategic resolutions. Here are some of the methods Forté Tax Law uses to help:
Forté Tax Law will help you apply for a lien withdrawal with the IRS, requesting the authority to remove the ‘Notice of Federal Tax Lien’, assuring other curious entities that it isn’t competing with them for the defaulter’s property.
Alternatively, Forté Tax Law can assist a taxpayer with a lien subordination request. While this doesn’t remove the lien, a named creditor is allowed to move their standing before the United States’ position with the aim of asserting the property subject to IRS lien. This makes it much easier for the owner of the property to acquire a loan or mortgage with an IRS lien currently in place.
The IRS grants a discharge of lien under several provisions. Robert Forté Jr. is also an experienced IRS tax attorney that has coped with all such discharge of lien provisions and may be able to help you to get a discharge of lien under one of the provisions that applies to you.
Forté Tax Law can help even if you can’t pay back your debts to the IRS entirely. In reality, you have more options than you know. Let Forté Tax Law discover the right solution for your tax lien problem.
Evading taxes has serious implications, such as penalties, property seizures, sometimes, even prison time. The penalties for nonpayment can add up to hundreds of thousands of dollars. The taxpayer may possibly also have to pay for interest on the unpaid amount, from the due date of the payment until the day the amount is paid in full. The IRS can also take 15 percent of your Social Security benefits each month you receive a Social Security check. The IRS can also levy your bank account and wages from your employment. The fantastic news is, there are ways to avoid a levies. For those who have received a levy notice from the IRS, Forté Tax Law can help.
Do not jeopardize losing your assets and property to the IRS!
In case there is an IRS investigation, the IRS may provide as few as 10 days for taxpayers to full pay their tax liability. Failure to take action may lead to receiving a federal tax lien, or worse, seizure on your assets. A tax lien is a claim on your property, which may only be released after you pay the tax, interest, penalties, and county recording fees, entirely. If you don’t appeal or settle on a payment plan within 30 days of receiving the IRS notice, the IRS can begin seizing your assets, such as your home or car, income, bank accounts, retirement accounts, and Social Security.
Want advice on how to handle your IRS tax case? Forté Tax Law can help!
Even in the event that you have received a notice from the IRS, it does not mean that all is lost. The IRS understands that taxpayers could possess valid reasons that may prevent them from paying their tax liabilities. That’s the reason the IRS has a number of programs to help taxpayers that cannot full pay their tax debt. Forté Tax Law’s experienced staff will assist you and provide you with options to solve your IRS case, once and for all.
IRS Debt Relief
As everyone probably knows, seeing an envelope from the IRS in your mailbox causes instant fear. Spotting an IRS officer standing on your own doorstep, as a consequence of your IRS problems, may turn fear to total panic.
The IRS has tremendous control and reach. If you ignore your tax debt, the IRS usually takes possession of your bank account, income and assets, sometimes without ever stepping in a courtroom.
Forté Tax Law has over ten years experience handling IRS tax cases in San Antonio. Unlike the national tax settlement companies that adhere to a “one-size-fits-all” system, Forté Tax Law stays current and up to date on the IRS and their constantly changing policies every day. Forté Tax Law has helpful insight and experience with respect to how the local IRS Revenue Officers operate and uses this wisdom to make permanent tax resolution strategies that benefit clients.
Employment taxes are generally paid to the IRS at the close of every quarter. Until all these taxes are paid to the IRS, the company must hold onto the taxes in trust. These taxes are consequently called Trust Fund taxes because the business holds these taxes on behalf of the IRS. When a company required to withhold and pay these taxes fails to do so, the IRS will hold the company accountable for the taxes, with few exceptions, and may seize business assets or even shut the business down for failure to pay these taxes to the IRS. If the IRS is not able to get the taxes against the business, either as the firm has closed or is not able to pay the taxes for whatever reason, the IRS has the right to pursue any part of the company, or company personnel, which the IRS determines was responsible to document and pay the employment taxes. The IRS may also levy the accountable party’s personal resources and salaries. When the IRS does this, this can be identified as the Trust Fund Recovery Penalty.
The Trust Fund Recovery Penalty can be the most intense of all IRS civil obligations. A company could potentially rack up millions of dollars of outstanding trust fund taxes. The good news is that most of the remedies available to you to resolve your income tax issue, i.e., Offer in Compromise, Installment Agreement, Currently not Collectible, etc. will be available to resolve a Trust Fund Recovery Penalty. Therefore, if you cannot afford to pay it, the IRS will likely come to an alternative payment agreement with you.
Forté Tax Law can defend your business from the initial trust fund assessment if it’s not accurate, and if the penalty is assessed, can defend the individual (or individuals) held responsible.
Annually, taxpayers are required to file a tax return. Your tax return reports to the IRS what your income was for the prior year, and sets forth your calculation of the taxes you owe. This calculation of one’s taxation is known as “self-assessment.”
As inconvenient as it is for us to have to submit a tax return year in and year out, taking precious time from our busy days, the IRS is giving us an opportunity by letting us record our own returns. The reason for it is because we tell the IRS how much we think our tax bill ought to be and it becomes the IRS’s burden to prove otherwise.
The self-assessment tax system of the IRS comes with one significant caveat: the IRS isn’t required to agree with your self-assessment. Whenever the IRS does not agree with your examination, the IRS may decide to conduct what’s termed an audit, or, as the IRS refers to it, an “examination.”
If you are audited, you are entitled to legal representation. Do not take on the IRS by yourself.
Unfiled Tax REturns
Forté Tax Law is dedicated to identifying the tax returns which require prompt attention by the IRS and can help you steer clear of possible criminal and civil sanctions that the IRS may impose against you personally. When it comes to understanding the principles of handling the IRS, Forté Tax Law has you covered.
Why document unfiled tax returns?
Missing just one return, even by mistake, could quickly snowball to unthinkable IRS problems. Most people are unaware that the IRS may prepare their unfiled returns. Whenever the IRS prepares your unfiled tax return, they may not be aware of any probable deductions, expenses, dependents, or your actual filing status. Likewise, every other possible exemption, which might have benefitted you, may be omitted, thereby leading to an inflated tax liability.
When you employ Forté Tax Law to represent you with your IRS tax debt problem, Forté Tax Law will be your principal contact with the IRS. The law firm will deal with all IRS communications while working to fix your IRS tax problems. After Forté Tax Law has filed the unfiled returns, they will represent you in resolving any outstanding taxes which remain.
IRS Tax Investigation
When you’re confronting an IRS issue, an IRS taxation return evaluation may be a necessity. Your IRS tax record sets the foundation for deciding the best way to fix your IRS issues. Though you are able to get into your tax record simply by requesting them, keep in mind that asking for tax transcripts could raise a red flag with the IRS should you ask them yourself. Forte Tax Law can request our client’s IRS tax records without raising suspicion by the IRS.Problems Resulting in a IRS Investigation:
On average, an IRS analysis may become initiated if
- You have not reported your earnings correctly to the IRS
- The deductions claimed exceed the limitations allowed
- You find mathematical disagreements on your tax returns
- You claim a dependent who’s been claimed by someone else